"Soft" factors were important. Regardless of how much capital poured into a country, development was not possible if property rights were not adequately protected and society lacked a reliable court system.
Deben intervenir los factores “intangibles” y, aunque abunde el capital en un país, no habrá desarrollo si no se protege cuidadosamente los derechos de propiedad y si la sociedad no posee un sistema judicial funcional.